Credit Union Affairs

Monday, October 03, 2016

What Wells Fargo Deserves...?

"Always read the small print. It's a rule most of us know and most of us ignore - and one often thrown back at borrowers by banksfacing complaints about their terms and conditions."

FUNNY! Snort, snort...

"Dmitry Argarkov, who was sent an unsolicited letter offering him a credit card, has turned the tables, however, and struck a blow for bankcustomers everywhere.""Instead of simply ignoring the offer, Mr. Argarkov scanned the agreement into his computer, changed the terms of the contract, and returned it to the lender. His version of the agreement was somewhat more favorable...... - unlimited credit line, no fees, and a 0 percent interest rate - than those proposed by thebank."

Just say: "Charge It!"

"When the document was returned the bank failed to check the fine print and sent Mr. Argarkov his credit card with a credit limit large enough to allow him to purchase a small island - which he proceeded to do.""After two years of use, the bank attempted to terminate because Mr. Agarkov was late on his island payments. The bank sued, but earlier this week, a court backed Mr. Argarkov. The judge said: "They[the bank]signed the documents without looking. They said what their borrowers say in court:

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Jim Blaine lives in the woods in rural North Carolina. He is slightly balding, can be testy, is not getting thinner, has been known to argue and has at least one opinion on everything. Jim thinks he can dance, but he really can’t; likes most people and some dogs. He is a graduate of UNC-Chapel Hill, holds an MBA from Duke University and is also a CPA (inactive). Jim has worked with the State Employees’ Credit Union and has served unsuccessfully on numerous boards and committees. His grandchildren call him “Sweetbaby", but they are still too young to know better.